FORM NL-7-OPERATING EXPENSES SCHEDULE

            

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

            

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

 

( '000)

            
 

PARTICUALRS

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

            

1

Employees’ remuneration & welfare benefits

429 975

1988 484

280 781

1173 936

            

2

Travel, conveyance and vehicle running expenses

10 643

61 698

15 242

69 239

            

3

Training expenses

9 117

19 285

4 537

16 727

            

4

Rents, rates & taxes

12 925

62 224

17 031

65 198

            

5

Repairs

52 040

217 384

51 209

216 033

            

6

Printing & stationery

1 267

3 268

4 131

6 599

            

7

Communication

3 855

13 421

4 548

16 284

            

8

Legal & professional charges

43 245

101 842

31 065

86 912

            

9

Auditors' fees, expenses etc

                

(a) as auditor

1 209

12 179

5 718

10 812

            

(b) as adviser or in any other capacity, in respect of

                

(i) Taxation matters

 500

 500

 500

 500

            

(ii) Insurance matters

 0

 0

 0

 0

            

(iii) Management services; and

 0

 0

 0

 0

            

(c)   in any other capacity

 500

 517

 529

 529

            

10

Advertisement and publicity

16 865

74 109

17 935

108 273

            

11

Interest & Bank Charges

48 043

243 180

99 552

260 746

            

12

IT Expenses

39 368

185 830

47 565

190 339

            

13

Depreciation

37 774

178 125

46 291

139 898

            

14

GST Expenses A/c

173 778

406 152

 0

 0

            

15

Swachh Bharat Cess

 0

 0

 0

 0

            

16

Others

33 197

161 925

44 022

198 529

            
 

TOTAL

914 301

3730 123

670 656

2560 554

            

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.

            
                  

Segment Wise Break Up

For the Year ending 31.03.2020

 
                  
  

Fire

 P.A.

 Health

 Cargo

 Hull

 Liability

W.C.

 Aviation

 Engg

 FL/Cr.

Agri

 Oth. Misc.

Motor

Life

Total

 

1

Employees’ remuneration & welfare benefits

486 603

28 335

216 676

36 058

30 032

28 699

 876

69 258

58 579

11 468

582 602

33 441

369 893

35 964

1988 484

 

2

Travel, conveyance and vehicle running expenses

15 098

 879

6 723

1 119

 932

 890

 27

2 149

1 818

 356

18 077

1 038

11 477

1 116

61 698

 

3

Training expenses

4 719

 275

2 101

 350

 291

 278

 8

 672

 568

 111

5 650

 324

3 587

 349

19 285

 

4

Rents, rates & taxes

15 227

 887

6 780

1 128

 940

 898

 27

2 167

1 833

 359

18 231

1 046

11 575

1 125

62 224

 

5

Repairs

53 196

3 098

23 687

3 942

3 283

3 137

 96

7 571

6 404

1 254

63 691

3 656

40 437

3 932

217 384

 

6

Printing & stationery

 800

 47

 356

 59

 49

 47

 1

 114

 96

 19

 958

 55

 608

 59

3 268

 

7

Communication

3 284

 191

1 462

 243

 203

 194

 6

 467

 395

 77

3 932

 226

2 497

 243

13 421

 

8

Legal & professional charges

24 922

1 451

11 097

1 847

1 538

1 470

 45

3 547

3 000

 587

29 838

1 713

18 944

1 842

101 842

 

9

Auditors' fees, expenses etc

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(a) as auditor

2 980

 174

1 327

 221

 184

 176

 5

 424

 359

 70

3 568

 205

2 265

 220

12 179

 

(b) as adviser or in any other capacity, in respect of

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(i) Taxation matters

 122

 7

 54

 9

 8

 7

 0

 17

 15

 3

 146

 8

 93

 9

 500

 

(ii) Insurance matters

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(iii) Management services; and

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(c)   in any other capacity

 126

 7

 56

 9

 8

 7

 0

 18

 15

 3

 151

 9

 96

 9

 517

 

10

Advertisement and publicity

18 135

1 056

8 075

1 344

1 119

1 070

 33

2 581

2 183

 427

21 713

1 246

13 786

1 340

74 109

 

11

Interest & Bank Charges

59 509

3 465

26 498

4 410

3 673

3 510

 107

8 470

7 164

1 402

71 249

4 090

45 236

4 398

243 181

 

12

IT Expenses

45 475

2 648

20 249

3 370

2 807

2 682

 82

6 472

5 474

1 072

54 446

3 125

34 568

3 361

185 830

 

13

Depreciation

43 589

2 538

19 409

3 230

2 690

2 571

 78

6 204

5 247

1 027

52 189

2 996

33 134

3 222

178 125

 

14

GST Expenses A/c

99 390

5 788

44 256

7 365

6 134

5 862

 179

14 146

11 965

2 342

118 998

6 830

75 551

7 346

406 152

 

15

Swachh Bharat Cess

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

16

Others

39 625

2 307

17 644

2 936

2 446

2 337

 71

5 640

4 770

 934

47 442

2 723

30 121

2 929

161 925

 
 

Total

912 800

53 153

406 454

67 640

56 336

53 835

1 643

129 919

109 886

21 512

1092 881

62 732

693 868

67 464

3730 123

 
                  
            

For the  Three Months ending 31.03.2020

 
  

Fire

 P.A.

 Health

 Cargo

 Hull

 Liability

W.C.

 Aviation

 Engg

 FL/Cr.

Agri

 Oth. Misc.

Motor

Life

Total

 

1

Employees’ remuneration & welfare benefits

134 469

9 368

50 951

12 962

8 679

7 716

 18

16 191

14 776

1 928

57 217

8 801

95 198

11 700

429 974

 

2

Travel, conveyance and vehicle running expenses

3 562

 258

1 294

 362

 232

 203

- 1

 410

 383

 43

 866

 230

2 478

 321

10 642

 

3

Training expenses

2 422

 151

1 020

 199

 152

 141

 3

 325

 282

 49

2 222

 164

1 795

 190

9 117

 

4

Rents, rates & taxes

4 088

 287

1 538

 398

 264

 234

 0

 489

 447

 57

1 612

 267

2 886

 358

12 925

 

5

Repairs

15 838

1 085

6 105

1 492

1 018

 911

 5

1 941

1 757

 242

7 952

1 042

11 294

1 357

52 039

 

6

Printing & stationery

 348

 22

 143

 30

 22

 20

 0

 46

 40

 7

 283

 23

 255

 28

1 267

 

7

Communication

1 123

 75

 445

 102

 72

 65

 1

 142

 127

 19

 707

 74

 810

 94

3 855

 

8

Legal & professional charges

11 682

 738

4 866

 978

 735

 681

 13

1 552

1 353

 229

10 085

 786

8 616

 930

43 245

 

9

Auditors' fees, expenses etc

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(a) as auditor

 502

 40

 161

 58

 34

 28

- 1

 51

 50

 3

- 130

 31

 332

 49

1 209

 

(b) as adviser or in any other capacity, in respect of

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(i) Taxation matters

 122

 7

 54

 9

 8

 7

 0

 17

 15

 3

 146

 8

 93

 9

 500

 

(ii) Insurance matters

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(iii) Management services; and

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

(c)   in any other capacity

 123

 7

 55

 9

 8

 7

 0

 17

 15

 3

 146

 8

 93

 9

 500

 

10

Advertisement and publicity

5 201

 359

1 988

 496

 335

 299

 1

 632

 574

 77

2 416

 341

3 696

 449

16 865

 

11

Interest & Bank Charges

15 419

1 090

5 748

1 518

 999

 882

 0

1 825

1 679

 208

5 467

1 005

10 842

1 360

48 043

 

12

IT Expenses

12 383

 866

4 675

1 199

 800

 710

 1

1 485

1 358

 175

5 073

 810

8 753

1 081

39 368

 

13

Depreciation

11 878

 830

4 485

1 150

 767

 681

 1

1 425

1 303

 168

4 875

 777

8 397

1 037

37 774

 

14

GST Expenses A/c

46 886

2 960

19 547

3 921

2 950

2 733

 51

6 234

5 434

 920

40 663

3 157

34 594

3 728

173 778

 

15

Swachh Bharat Cess

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 

16

Others

10 540

 741

3 956

1 029

 682

 604

 0

1 257

1 152

 146

4 047

 688

7 432

 924

33 199

 
 

Total

276 586

18 884

107 032

25 911

17 757

15 924

 93

34 040

30 746

4 276

143 647

18 213

197 566

23 625

914 301

 
                  
                  
             

For the Year ending 31.03.2019

 
  

Fire

 P.A.

 Health

 Cargo

 Hull

 Liability

W.C.

 Aviation

 Engg

 FL/Cr.

Agri

 Oth. Misc.

Motor

Life

Total

 

1

Employees’ remuneration & welfare benefits

 280,615

 17,136

 158,194

 16,915

 21,365

 16,035

 1,272

 40,601

 30,642

 8,303

 323,924

 23,897

 221,784

 13,254

 1,173,936

 

2

Travel, conveyance and vehicle running expenses

 16,551

 1,011

 9,330

 998

 1,260

 946

 75

 2,395

 1,807

 490

 19,105

 1,409

 13,081

 782

 69,239

 

3

Training expenses

 3,998

 244

 2,254

 241

 304

 228

 18

 579

 437

 118

 4,615

 340

 3,160

 189

 16,727

 

4

Rents, rates & taxes

 15,585

 952

 8,786

 939

 1,187

 891

 71

 2,255

 1,702

 461

 17,990

 1,327

 12,317

 736

 65,198

 

5

Repairs

51640.146

3153.438

29111.543

3112.707

3931.777

2950.853

234.169

7471.598

5638.879

1527.884

59610.099

4397.571

40813.745

2439.086

 216,033

 

6

Printing & stationery

1577.33

96.321

889.202

95.077

120.095

90.133

7.153

228.217

172.238

46.669

1820.769

134.322

1246.641

74.501

 6,599

 

7

Communication

3892.425

237.693

2194.31

234.623

296.361

222.423

17.651

563.179

425.036

115.166

4493.168

331.471

3076.375

183.848

 16,284

 

8

Legal & professional charges

20775.294

1268.656

11711.835

1252.27

1581.789

1187.155

94.208

3005.891

2268.571

614.681

23981.677

1769.182

16419.736

981.266

 86,912

 

9

Auditors' fees, expenses etc

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

(a) as auditor

2584.583

157.829

1457.029

155.791

196.785

147.69

11.72

373.953

282.225

76.47

2983.478

220.098

2042.723

122.076

 10,812

 

(b) as adviser or in any other capacity, in respect of

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

(i) Taxation matters

119.519

7.298

67.377

7.204

9.1

6.83

0.542

17.293

13.051

3.536

137.965

10.178

94.462

5.645

 500

 

(ii) Insurance matters

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

(iii) Management services; and

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

(c)   in any other capacity

126.502

7.725

71.314

7.625

9.632

7.229

0.574

18.303

13.813

3.743

146.026

10.773

99.981

5.975

 529

 

10

Advertisement and publicity

25881.256

1580.455

14590.263

1560.041

1970.547

1478.923

117.362

3744.652

2826.12

765.752

29875.675

2203.996

20455.229

1222.433

 108,273

 

11

Interest & Bank Charges

10325.816

630.552

5821.061

622.408

786.187

590.044

46.824

1493.999

1127.534

305.511

11919.465

879.326

8161

487.713

 43,197

 

12

IT Expenses

45498.271

2778.38

25649.131

2742.494

3464.147

2599.89

206.317

6582.956

4968.213

1346.163

52520.309

3874.541

35959.52

2148.991

 190,339

 

13

Depreciation

33441.004

2042.096

18851.985

2015.719

2546.131

1910.907

151.642

4838.44

3651.612

989.424

38602.168

2847.769

26430.069

1579.498

 139,898

 

14

GST Expenses A/c

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

15

Swachh Bharat Cess

0

0

0

0

0

0

0

0

0

0

0

0

0

0

 -  

 

16

Others

99457.78

6073.451

56068.188

5995.003

7572.517

5683.279

451.003

14390.135

10860.356

2942.671

114807.734

8469.627

78606.371

4697.627

 416,076

 
 

Total

 612,069

 37,376

 345,047

 36,894

 46,602

 34,975

 2,776

 88,558

 66,835

 18,109

 706,533

 52,123

 483,748

 28,909

 2,560,554

 
                  
            

For the Three Months ending 31.03.2019

 
  

Fire

 P.A.

 Health

 Cargo

 Hull

 Liability

W.C.

 Aviation

 Engg

 FL/Cr.

Agri

 Oth. Misc.

Motor

Life

Total

 

1

Employees’ remuneration & welfare benefits

 83,338

 4,908

 41,092

 4,726

 5,684

 5,944

 148

 8,235

 7,255

 2,666

 38,872

 7,961

 65,797

 4,155

 280,781

 

2

Travel, conveyance and vehicle running expenses

 4,624

 271

 2,251

 261

 312

 336

 7

 438

 393

 149

 1,872

 446

 3,650

 232

 15,241

 

3

Training expenses

 1,306

 77

 656

 75

 90

 91

 3

 137

 117

 41

 725

 123

 1,031

 65

 4,537

 

4

Rents, rates & taxes

 4,946

 292

 2,471

 282

 341

 346

 10

 509

 441

 157

 2,618

 468

 3,905

 245

 17,031

 

5

Repairs

 15,234

 897

 7,501

 863

 1,038

 1,089

 27

 1,499

 1,323

 488

 7,006

 1,457

 12,028

 760

 51,209

 

6

Printing & stationery

 1,032

 63

 566

 61

 77

 62

 4

 139

 108

 31

 1,033

 90

 816

 49

 4,130

 

7

Communication

 1,300

 77

 656

 74

 90

 90

 3

 138

 118

 41

 747

 122

 1,027

 64

 4,547

 

8

Legal & professional charges

 8,440

 504

 4,390

 490

 601

 556

 24

 982

 806

 262

 6,158

 773

 6,666

 412

 31,065

 

9

Auditors' fees, expenses etc

 (1,125)

 (70)

 (668)

 (70)

 (89)

 (58)

 (6)

 (185)

 (133)

 (32)

 (1,626)

 (91)

 (890)

 (52)

 (5,094)

 

(a) as auditor

 2,585

 158

 1,457

 156

 197

 148

 12

 374

 282

 76

 2,983

 220

 2,043

 122

 10,812

 

(b) as adviser or in any other capacity, in respect of

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 

(i) Taxation matters

 120

 7

 67

 7

 9

 7

 1

 17

 13

 4

 138

 10

 94

 6

 500

 

(ii) Insurance matters

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 

(iii) Management services; and

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 

(c)   in any other capacity

 127

 8

 71

 8

 10

 7

 1

 18

 14

 4

 146

 11

 100

 6

 529

 

10

Advertisement and publicity

 5,928

 344

 2,746

 327

 384

 458

 4

 471

 461

 196

 1,044

 592

 4,678

 302

 17,935

 

11

Interest & Bank Charges

 4,832

 290

 2,560

 283

 349

 309

 16

 593

 476

 149

 3,981

 436

 3,817

 234

 18,324

 

12

IT Expenses

 13,963

 824

 6,930

 794

 957

 987

 27

 1,409

 1,230

 445

 6,954

 1,327

 11,025

 695

 47,566

 

13

Depreciation

 12,765

 761

 6,579

 738

 903

 853

 34

 1,446

 1,201

 399

 8,727

 1,178

 10,082

 626

 46,291

 

14

GST Expenses A/c

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 

15

Swachh Bharat Cess

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 -  

 

16

Others

 35,221

 2,092

 17,938

 2,026

 2,466

 2,397

 85

 3,851

 3,245

 1,107

 21,990

 3,281

 27,815

 1,735

 125,249

 
 

Total

 194,635

 11,503

 97,262

 11,102

 13,420

 13,622

 396

 20,071

 17,349

 6,182

 103,370

 18,404

 153,684

 9,657

 670,656

 
                  
                  
                  
 

 EOM Segment Wise

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

            
 

 Fire

276 586

912 800

194 881

612 315

            
 

 Misc - Motor

197 566

693 868

153 615

483 679

            
 

 Misc - Aviation

34 040

129 919

20 054

88 540

            
 

 Misc - Engg

30 746

109 886

17 408

66 895

            
 

 Misc - W.C.

 93

1 643

 396

2 775

            
 

 Misc - Liability

15 924

53 835

13 615

34 968

            
 

 Misc - P.A.

18 884

53 153

11 495

37 369

            
 

 Misc - Health

107 032

406 454

97 195

344 979

            
 

 Misc - Agri

143 647

1092 881

103 232

706 395

            
 

 Misc - Oth. Misc.

18 213

62 732

18 407

52 126

            
 

 Misc - FL/Cr.

4 276

21 512

6 179

18 106

            
 

 Marine - Cargo

25 911

67 640

11 111

36 902

            
 

 Marine - Hull

17 757

56 336

13 417

46 599

            
 

 Life

23 625

67 464

9 651

28 904

            
 

 Total

914 301

3730 123

670 656

2560 554